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Agreed - so that begs the question: where does somebody who is making 500k or even a million per year keep their money to 1) have it easily accessible for purch
by marcomassaro 13y ago
Agreed - so that begs the question: where does somebody who is making 500k or even a million per year keep their money to 1) have it easily accessible for purchasing things and 2) safe?
- sukuriant 13y agoDefine "easily accessible". Does a few days later count? If so, the stock market isn't a bad place for money
- mikeryan 13y agoFDIC insurance is generally on a per-bank basis. You could have multiple accounts across banks each up to $250k. Generally though there's things like Brokerage Accounts etc which offer higher levels of insurance (SIPC) and easy mechanisms to spread monies across several banks and account services (CDARS for CDs and MMAX for money market accounts). At that point hopefully you have someone managing your money wisely to help navigate these kinds of things.